Economics · International Economics
The 'Impossible Trinity' (Trilemma) states that a country CANNOT simultaneously achieve which three objectives?
- 1Free trade, capital controls, and floating exchange rate
- 2Balanced budget, low inflation, and high growth
- 3Price stability, full employment, and economic growth
- 4Free capital mobility, fixed exchange rate, and independent monetary policy✓
Correct answer
Free capital mobility, fixed exchange rate, and independent monetary policy
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